• El Salvador’s president Nayib Bukele berated biased media outlets who predicted the country would face debt defaults due to losses from the crypto winter.
• Bukele pointed out that El Salvador successfully repaid its $800 million dollar bond without any external aid.
• Bukele has been a vocal advocate for the use of bitcoin and has been promoting it as a solution to the country’s economic challenges.
The President of El Salvador, Nayib Bukele, recently spoke out against media outlets that have perpetuated biased and inaccurate reports about the country’s financial situation. In a tweet on January 24, 2023, Bukele highlighted the success of El Salvador in repaying its $800 million dollar bond without any external aid, despite the negative predictions of some media outlets. This news comes at a time when El Salvador has been at the center of global attention since it became the first country to make bitcoin legal tender in 2021.
Bukele has been a vocal advocate for the use of bitcoin and has been promoting it as a solution to the country’s economic challenges. He believes that the digital currency has the potential to attract investment and create new opportunities for El Salvador. Additionally, Bukele has pointed out that the crypto winter that led to the decline in bitcoin price made media outlets predict debt defaults and financial doldrums for El Salvador’s Economy.
In his tweet, Bukele noted the lack of coverage of the successful payment of the bond, and he expressed his frustration at the legacy media outlets for their biased disposition towards the country. He accused them of “lying and lying and lying” and then going silent when their lies were exposed. Bukele also encouraged citizens of El Salvador to embrace bitcoin, claiming that it is a “powerful tool” that can help the country’s economic development.
The president of El Salvador has made his stance clear: that media outlets should not be so quick to make baseless predictions about the country’s financial situation. His advocacy for the use of bitcoin and other digital currencies is also an indication of his commitment to creating a better future for El Salvador and its citizens.